Q&A: Obama’s Financial Reform & Regulation Plan

June 17, 2009 by · Leave a Comment
Filed under: Policy News 

WHAT ARE THE MAIN CHANGES PROPOSED?

The Federal Reserve would monitor “systemic risk” in the economy, together with a council led by Treasury.

The Federal Deposit Insurance Corp would get power to seize and resolve the problems of troubled non-bank companies that pose risks to the economy. The U.S. Securities and Exchange Commission would get additional limited “resolution authority.”

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Obama picks head of NY Fed as new Treasury Secretary

November 21, 2008 by · Leave a Comment
Filed under: Policy News 

More of the same, but what did you really expect?  My favorite part of the article is them talking about Timothy Geithner and his helping with the handling of the current financial meltdown.  Bear Stearns, AIG and Lehman failure.  They talk about these like they are good things that would be something you would look for in a new Treasury Secretary.  I would say this whole situation has been bungled and I would steer clear of anyone involved in this crisis.  

News:

President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said.

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